Forex Today: Dollar stays under pressure ahead of key US data By eren_fxstreet Currencies Majors Macroeconomics Commodities CryptoCurrencies
While testifying before the US Senate for her confirmation hearing, Fed Governor Lael Brainard noted that they will be in a position to start lifting rates as soon as the bond purchase program ends. Meanwhile, Fed Governor Christopher Waller said three rate hikes in 2022 was a good baseline and added that the Fed could start shrinking the balance sheet by summer. Although these remarks failed to lift US T-bond yields, the 10-year reference is up more than 1% at 1.
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